Columbia Commons

Property Type:

Number of Units:

95

Property Size:

63,349 SF

Columbia Hicks is a mixed-income development offering both for-sale (Columbia Commons) and rental units (Columbia Hicks) located in the Columbia Street Waterfront District in Brooklyn, south of Atlantic Avenue. The development is the capstone of several years of investment and rehabilitation in the district that has seen rapid growth in restaurants, shops and cultural outposts. The development closed on financing in an especially challenging market environment, yet achieved a highly successful rent up and sell out. The transformation of the site of the former Hamberger Christmas Display Factory and adjacent vacant lot has resulted in 125,000 SF of residential space with units studios through four bedrooms. The project was awarded the 2011 Jack Kemp Workforce Housing Models of Excellence Award.

The Wall Street Journal: By Any Name, Columbia Street District Shows Life

Newly Formed GSLM Closes First Deal

GSLM Capital Partners said it completed financing on the proposed $55 million Columbia Hicks apartment complex in Cobble Hill, marking the first development under GSLM's recently launched urban investment fund.